Vertu lifts profit expectations after JLR cyber-attack insurance claim

(Sharecast News) - Vertu Motors said on Thursday that it expected full-year adjusted profit before tax to be ahead of market consensus after reaching a settlement on its business interruption insurance claim linked to last year's cyber-attack on Jaguar Land Rover.

The AIM-traded UK automotive retailer said the claim related to the September cyber-attack on JLR, which temporarily disrupted vehicle supply, parts availability and connected systems used by JLR franchised retailers, including Vertu's operations.

It said the business impact was resolved by early 2026.

Vertu said the total claim recovery had been agreed at £3.9m, against which a £0.5m policy deductible applied, resulting in a net insurance recovery of £3.4m for the group.

The company had already disclosed a £1.0m interim payment in its 5 March trading update.

It said the full recovery would be recognised as underlying income in Vertu's results for the year ended 28 February.

Reflecting the additional £2.4m insurance recovery, the board said it now expected adjusted profit before tax for the 2026 financial year to be ahead of the current market consensus of £21.6m.

The company said that consensus range was £21.0m to £22.0m, as referenced in its March update.

Vertu was scheduled to announce preliminary results for the year ended 28 February on 13 May.

At 0947 BST, shares in Vertu Motors were down 2.03% at 63.19p.

Reporting by Josh White for Sharecast.com.

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